Tom Brady, Gisele Bündchen Had Almost 2M Shares In FTX Stock

Tom Brady (L) and Gisele Bundchen arrive for the 2018 Met Gala on May 7, 2018, at the Metropolitan Museum of Art in New York. (Photo by Angela WEISS / AFP) / The erroneous mention[s] appearing in the metadata of this photo by Angela WEISS has been modified in AFP systems in the following manner: [Gisele Bundchen] instead of [Gisele Brundchen]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.        (Photo credit should read ANGELA WEISS/AFP via Getty Images)

At a glance

  • Tom Brady’s weighty investment in FTX is on the verge of evaporating. New bankruptcy filings show that the Tampa Bay Buccaneers quarterback holds over 1.1 million common shares in the defunct cryptocurrency exchange, while his ex-wife and fashion model Gisele Bündchen holds around 680,000, as reported earlier by Bloomberg and Insider.
  • The NFL star and his then-wife have served as brand ambassadors for FTX since 2021 and even appeared in a series of commercials for the exchange (which really haven’t aged well). According to an estimate from Forbes, Brady’s investment was valued at around $45 million, while Bündchen’s was worth about $25 million.
  • In its report, Insider notes, “During typical bankruptcy proceedings, only bond holders are able to recoup some of their losses, while equity investors are usually wiped out.”

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